5965 Gulf of Mexico DriveNew Construction Home in Longboat Key, FL
Longboat Key, FL 34228 · Manatee County
$38,450,000
$2236/sq ft
Photos of 5965 Gulf of Mexico Drive
1 / 30Who is building this home?
This home is listed as built by Bluewater Construction LLC, floor plan Custom. Builder quality, warranty responsiveness, and willingness to fix punch-list items vary enormously between companies in Tampa Bay.
Compare Tampa Bay builder scorecards →About this home
Under Construction. PRE-AUCTION: Bidder registration deadline: 5 November. Rising on nearly two private Gulf-front acres, this visionary estate is poised to become one of the most architecturally significant residences conceived on Longboat Key. Designed by internationally acclaimed Sweet Sparkman Architecture & Interiors, the sculptural home pairs bold modern form with coastal sensitivity, framing uninterrupted Gulf views from a dramatic foyer, open great room, and sweeping terraces. Dual kitchens, a temperature-controlled wine cellar, dedicated space for a private cinema, and rooftop deck elevate daily living and grand-scale entertaining, while a guest house and pool house extend privacy and flexibility. Lush resort-style grounds unfold to a shimmering pool and spa. Offered at a pivotal stage of construction, the estate presents a rare chance to shape an enduring Gulf-front legacy.
Home details and costs
- MLS number
- A4681869
- Property type
- Single Family Residence
- Build stage
- Under Construction
- Builder
- Bluewater Construction LLC
- Floor plan
- Custom
- Heated square feet
- 17,199 sq ft
- Total under roof
- 32,165 sq ft
- Stories
- 3+ Story
- Lot size
- 1.64 acres
- Subdivision
- Longboat Key
- HOA fee
- No HOA
- Annual property tax
- $82,342 (current assessment)
- Days on market
- 230 days
Heads up on that tax figure. On new construction, the number in the MLS is often the tax on the bare lot, not the finished home. Expect it to jump once the county reassesses with the house on it. How Florida reassesses new builds
What would this home actually cost per month?
Pre-filled with this listing's price and HOA. Adjust anything to match your situation.
Estimated monthly payment
$291,013
$3,845,000 down (10%) on a $34,605,000 loan
- Principal and interest
- $218,727
- Property tax (estimated)
- $57,600
- Homeowners insurance
- $267
- PMI (under 20% down)
- $14,419
CDD defaults to zero, and that is often wrong.Many Tampa Bay new-construction communities carry a Community Development District assessment of roughly $1,500 to $3,000 a year on top of HOA, and it is rarely included in a builder's payment estimate. Ask whether this address is in a CDD before you budget.
The tax figure in the MLS looks like a bare-lot assessment. It lists $82,342 a year, while taxing this purchase price works out closer to $691,200. On new construction the county reassesses once the house is finished, so budget from the higher number.
Estimates only. Actual taxes, insurance, and assessments vary by address and change year to year.
Get the real numbers on this homeWhat is negotiable on this home?
This listing shows real leverage signals. Here is what its own numbers say.
On the market 230 daysStrong signal
Past six months on a finished home means the builder has been carrying taxes, insurance, and interest on it the whole time. That cost is real and it is why concessions get easier the longer a home sits.
Still under constructionContext
The builder has money in the ground but no finished house to carry, so there is less pressure than on standing inventory. The upside is that some finish selections are usually still open.
Where builders actually give
Rarely on the published base price. It sets the comp for every unsold home behind this one, and protecting it protects their appraisals. The real room is in closing cost credits, interest rate buydowns, and upgrades moved into the base. Asking for the right one in the right order is most of the job.
Assigned schools
- Elementary
- Anna Maria Elementary
- Middle
- Martha B. King Middle
- High
- Bayshore High
School assignments come from the MLS and change. Confirm directly with the district before relying on them.
Virtual tour
View the virtual tour for 5965 Gulf of Mexico Drive→Listed by Douglas Elliman. Listing data provided courtesy of Stellar MLS via Bridge Interactive. Information is deemed reliable but not guaranteed and is provided for consumers' personal, non-commercial use. 5965 Gulf of Mexico Drive, Longboat Key, FL 34228 is presented by Barrett Henry, REMAX Collective. Prices, availability, and incentives change without notice.